Sec. 3869.203. ASSUMPTION OF ASSETS AND LIABILITIES. After the city dissolves the district, the city assumes, subject to the appropriation and availability of funds, the obligations of the district, including any bonds or other revenue. Added by Acts 2009, 81st Leg., R.S., Ch. 888 (S.B. 2550), Sec. 1, eff. June 19, 2009.
Assumption of Assets and Liabilities
Tex. Special District Local Laws Code § 3869.203, under Chapter 3869. Padre Island Gateway Municipal Management District.
Tex. Special District Local Laws Code § 3869.203